Me and my partner are due to complete on the purchase of a house in Newton Longville but as a result of damage from some water damage at the property I have managed to agree compensation from the current proprietors of £3k in the form of a adjustment in the price. I had intended this to be dealt with as part of the conveyancing process but Coventry BS will not agree to this. Should they have been involved?
Your property lawyer that is on the Coventry BS conveyancing panel is required to inform Coventry BS of any changes to the purchase price. If you prohibit your lawyer to disclose the reduction to Coventry BS then they would have to discontinue acting for you. In addition, Coventry BS and you would have to appoint a new solicitor for your conveyancing in Newton Longville.
We are expecting a mortgage offer soon. The bank mentioned the mortgage came with free conveyancing. Is the implication that I have to appoint their panel conveyancer as I would much rather use a Newton Longville based conveyancing firm?
Do check but the the likelihood is that give you one of their panel solicitors if you want the "fee-free" deal. Call the bank and see if they allow a monetary alternative. In the past a few mortgage companies offered a £250 cashback as a further option in which case that money can go towards your preferred conveyancing solicitor near Newton Longville.
My colleague recommended that where I am purchasing in Newton Longville I should ask my conveyancer to perform a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
A search of this type is occasionally included in the estimate for your Newton Longville conveyancing searches. It is a large document of about 40 pages, listing and setting out significant information about Newton Longville around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average Property Price, Crime details, Newton Longville Education with maps and statistics, Local Amenities and other useful information about Newton Longville.
I decided to have a survey completed on a house in Newton Longville ahead of retaining solicitors. I have been told that there is a flying freehold overhang to the house. The surveyor has said that some banks will not issue a loan on this type of property.
It depends who your proposed lender is. Bank of Scotland has different instructions for example to Nationwide. If you contact us we can look into this further with the relevant mortgage company. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Newton Longville. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Newton Longville to see if the conveyancing costs will increase in light of this.
How straightforward is it to use the search facility to get a costs illustration from a conveyancing practitioner in Newton Longville on the panel for my mortgage?
Step one is to pick a lender such as Yorkshire Building Society, Coventry Building Society or Britannia then type in your preferred area for example Newton Longville. Conveyancing practices in Newton Longville and nationally will then be identified.
My wife and I have recently appointed a conveyancing solicitor in Newton Longville. I need to find out if they are on the bank's approved list of lawyers. Could you or the bank confirm if they are on the panel?
It’s a good idea phone the solicitor to enquire if they are on the lender's approved list. If that does not help call us and we can investigate and revert. Should the firm not be on the lender panel we can certainly arrange a specialist conveyancing solicitor in Newton Longville on the panel for your lender.